FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 4

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 4 Exchange rate was 1.3764 up 0.0069 Chicago soybeans closed slightly lower. JUL17 HI 9.80 NOV17 HI 9.71 LOW 9.69 1/2 LOW 9.61 CLOSE9.74 1/4 Down 1 CLOSE 9.64 3/4 Down 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV17 CK Low 2.80 12.54 460.862.60 12.25 450.02 CK High 2.95 12.69 466.372.70 12.35 453.69 CK Average 2.84 -0.6012.58 462.392.65 -0.7112.30 451.92 Essex Cty 2.80 12.54 460.862.60 12.25 450.02 Mdsx Low 2.85 12.59 462.702.64 12.29 451.49 Mdsx High 2.85 12.59 462.702.70 12.35 453.69 Mdsx Average 2.85 -0.5912.59 462.702.67 -0.7012.32 452.59 Hensall 2.88 12.62 463.612.70 12.35 453.69 Bruce 2.85 12.59 462.702.70 12.35 453.69 Putnam 2.70 12.44 457.182.60 12.25 450.02 Burford 2.96 12.70 466.742.75 12.40 455.53 Port Perry 2.85 12.59 462.702.64 12.29 451.49 Norfolk 3.00 12.74 468.212.70 12.35 453.69 Palmerston 2.85 12.59 462.702.65 12.30 451.86 Varna 2.85 12.59 462.702.70 12.35 453.69 Trenton 2.85 12.59 462.702.70 12.35 453.69 Winchester 2.85 12.59 462.702.80 12.45 457.37 North Gower 2.65 12.39 455.352.84 12.49 458.84 Huron FOB 3.05 12.79 470.042.80 12.45 457.37 Kent FOB 3.10 12.84 471.882.65 12.30 451.86 Lambton FOB 3.00 12.74 468.212.80 12.45 457.37 Middlesex FOB3.10 3.03 N/A N/A 12.84 471.882.85 12.50 459.20 PROCESSORS Hamilton 3.49 3.34 3.34 N/A 13.23 486.213.22 12.87 472.80 N/A N/A N/A TRANSFER Prescott 3.05 12.79 470.043.16 12.81 470.60 Sarnia 2.80 12.54 460.863.01 12.66 465.08 Toledo El. -0.36 9.38 344.83-0.58 9.07 333.24 Exchange rate was 1.3764 up 0.0069 Chicago wheat closed lower. JUL17 HI 4.55 1/4 JUL17 HI 4.55 1/4 LOW 4.36 LOW 4.36 CLOSE 4.37 3/4 Down 16 1/4 CLOSE 4.37 3/4 Down 16 1/4 Minni wheat closed lower. JUL17 HI 5.61 1/4 SEP17 HI 5.65 3/4 LOW 5.45 3/4 LOW 5.50 3/4 CLOSE 5.47 1/2 Down 13 3/4 CLOSE 5.53 1/2 Down 12 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.68 0.68 0.68 0.34 CAD $/bu 5.06 5.06 5.06 5.82 CAD $/tonne 185.98 185.98 185.98 213.67 Direct MarkHarvest 2016 Harvest 2017 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 0.80 N/A N/A N/A 0.90 N/A London 0.92 0.92 0.71 N/A 0.99 0.92 0.85 N/A Hensall 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A Bruce 0.90 0.50 0.80 0.30 1.05 0.75 0.90 0.60 Essex N/A N/A 0.54 N/A N/A N/A 0.67 N/A Norwich 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A Port Hope N/A N/A 0.85 N/A N/A 0.90 1.05 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A Chatham N/A N/A 0.70 N/A N/A N/A 0.90 N/A Brigden N/A N/A 0.70 N/A N/A N/A 0.90 N/A Palmerston N/A 0.50 0.65 0.30 N/A 0.75 0.80 0.60 Varna 0.75 0.70 0.80 N/A 1.25 0.90 0.95 N/A Mitchell 0.90 0.80 0.80 N/A 1.05 0.90 0.90 N/A Thornton N/A N/A N/A 0.50 N/A N/A N/A N/A North Gower N/A 0.62 0.62 0.16 N/A 1.32 1.32 0.55 W O Feed 1.47 TERMINAL Sarnia 1.12 N/A 1.10 N/A 1.17 N/A 1.31 N/A Prescott N/A N/A N/A N/A N/A N/A 1.21 N/A PROCESSORS Toledo FM N/A N/A 1.65N/A N/A N/A 1.65N/A Toledo El. 4.23US 5.82CA 4.23US 5.82CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.23 1.23 1.23 0.64 CAD $/bu 5.61 5.61 5.61 6.17 CAD $/tonne 206.21 206.21 206.21 226.82 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 464.74 DDG's FOB Srn & Aylm 175.00